Obtaining an Alternative Loan

The entire alternative loan process can take up to six weeks--two weeks for the student to obtain and complete the application, two weeks for the school to certify the application, and two weeks for the lender to send the check to the University and for the University to process the funds.

• Review all lenders and determine which loan program best meets your needs. 

• Obtain the appropriate loan application. Students who complete the wrong application are usually forced to start over and complete a new application.
  
• Accurately complete the loan application. Mistakes on the application create processing delays. Always make sure that you supply the lender with all supporting documentation that they require. In most cases, the application should be sent directly to the lender. They will forward information to the school for certification after they have reviewed your application. All credit decisions are made by the lender only, the school is not involved in this process.

• Allow two weeks for the school to verify your application after the lender has sent the certification to the school. Although we strive to process all applications as quickly as possible, it can take up to two weeks during the peak processing time.

• Allow two weeks for the lender to send the check to the school and for the school to process the funds. Although we strive to process all checks as quickly as possible, it can take up to two weeks to receive and process checks during the peak processing time.